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Research from Google Cloud reveals a significant increase in UK businesses investing in generative AI, with 70% already seeing returns on investment. Despite this, many companies face challenges transitioning from pilot projects to full-scale production due to unclear leadership and prioritization. Key areas for anticipated ROI include customer service, new products, and digital commerce.
The study indicates that 62% of UK businesses have adopted generative AI, with a notable portion planning to allocate over half of their AI budgets to this technology. However, 38% of organizations have yet to implement generative AI in production, highlighting a critical barrier to scaling its benefits. Strong leadership and strategic alignment are essential for overcoming these challenges and maximizing the potential of generative AI.
• 70% of UK businesses report ROI from generative AI investments.
• 62% of UK businesses have adopted generative AI with at least one use case.
The article discusses how UK businesses are increasingly investing in generative AI to enhance various operational areas.
The article highlights that 70% of UK businesses are already seeing ROI from their generative AI initiatives.
The article notes that many organizations struggle to move beyond pilot projects to full-scale production of generative AI.
Google Cloud's research reveals the growing trend of generative AI investments among UK businesses.
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